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Nov 23, 2012
11/12
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we're in for a time of belt tightening and getting our deficit under control. it's going to last for years. >> susie: let's hope it won't be too bad, darren. thanks a lot. our washington bureau chief, darren gersh. >> tom: of course you can watch our continuing fiscal cliff coverage on the web online just click on fiscal cliff link on the home page right there at nbr. com. that's "nightly business report" for thanksgiving, thursday, november 22nd. good night, susie, and everyone. >> susie: goodnight, tom. thanks for watching, everyone. we wish all of you a happy thanksgiving. and we hope to see you online at nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
we're in for a time of belt tightening and getting our deficit under control. it's going to last for years. >> susie: let's hope it won't be too bad, darren. thanks a lot. our washington bureau chief, darren gersh. >> tom: of course you can watch our continuing fiscal cliff coverage on the web online just click on fiscal cliff link on the home page right there at nbr. com. that's "nightly business report" for thanksgiving, thursday, november 22nd. good night, susie, and...
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Sep 4, 2012
09/12
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we want to bring these deficits down. we want to get them to a level where we can stabilize the debt and get it on a downward path as a percent of g.d.p. so america can compete in this new knowledge-based global economy. >> darren: for all the gloom and doom over the fiscal cliff, there are some people in washington who are still hunting the grand bargain. that's a big deal to raise some revenues and cut some spending and get our budget in line or at least into manageable shape. and for all the talk about the fiscal cliff, there's still optimism 2013 will be the year we bag a bargain. on wall street, the say the best time to buy is when the brokers are crying in their beer. when everyone else has given up hope. when all looks lost. which may explain why analysts like andy laperriere think 2013 will be a big year. >> when you start adding these things up-- the debt ceiling has to be increased, the sequester has to be dealt with. the bush tax cuts have to be dealt with. i don't think you can pass a package that deals with a
we want to bring these deficits down. we want to get them to a level where we can stabilize the debt and get it on a downward path as a percent of g.d.p. so america can compete in this new knowledge-based global economy. >> darren: for all the gloom and doom over the fiscal cliff, there are some people in washington who are still hunting the grand bargain. that's a big deal to raise some revenues and cut some spending and get our budget in line or at least into manageable shape. and for...
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Feb 14, 2012
02/12
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the deficit was out of hand and we would go broke. whether it should be or should not be, it was. that set the tone in washington of zero sum politics. if new win, i lose. that took the polarization we already had between republicans and democrats and turned it into a pocket book fight. the results last year were pretty evident. >> one of the lessons to be learned about austerity from greece, or is it too soon to draw lessons? >> my own view, i am not an economist, trying to impose austere policies on a country on the ropes is not the wisest idea. not just greece. england is having troubles. all of the peripheral countries in europe. at a time when the whole country is contracting, you then contract public spending on top of that, you restrict growth and you worsen the conditions at that moment. there is a pretty strong economic consensus on this that at that juncture you should spend more, even though it may sound illogical to some people, when the revenues are down. then do the cuts later when the economy is back in gear and running. >> why does austerity always seemed to be the
the deficit was out of hand and we would go broke. whether it should be or should not be, it was. that set the tone in washington of zero sum politics. if new win, i lose. that took the polarization we already had between republicans and democrats and turned it into a pocket book fight. the results last year were pretty evident. >> one of the lessons to be learned about austerity from greece, or is it too soon to draw lessons? >> my own view, i am not an economist, trying to impose...
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Jun 30, 2012
06/12
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. >> the congressional budget office says it lowers the deficit. there are pilot programs trying to get an vend life issue with the republicans say -- >> when we come back >>> issue two. romney responds. >> what the court did not do on its last day in session i will do on my first day, if elected president of the united states. and that is, i will act to repeal obamacare. let's make clear that we understand what the court did and did not do. what the court did today was say that obamacare does not violate the constitution. what they did not do was say that obamacare is good law or that it's good policy. obama care was bad policy yesterday, it's bad policy today. obamacare was bad law yesterday, it's bad law today. let me tell you why i say that. obamacare raises taxes on the american people by approximately $500 billion. obamacare cuts medicare, cuts medicare by approximately $500 billion. and even with those cuts, and tax increases, obamacare adds trillions to our deficits and to our national debt and pushes those obligations on the coming generat
. >> the congressional budget office says it lowers the deficit. there are pilot programs trying to get an vend life issue with the republicans say -- >> when we come back >>> issue two. romney responds. >> what the court did not do on its last day in session i will do on my first day, if elected president of the united states. and that is, i will act to repeal obamacare. let's make clear that we understand what the court did and did not do. what the court did today...
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Feb 29, 2012
02/12
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. >> instead he put us on a path toward deficits and deadline. it is time to get off that path and back on the path of american prosperity. >> mitt romney there addressing his campaign group in michigan state. he did say at the start of that that he didn't win by a lot, but he did win nonetheless. >> yes. he didn't win by much, but he won by enough, and that is what counts. indeed that is what did count tonight in spite of a very tough fight put up by rick santorum. but mitt romney getting right down to business, talking about the economy. the economy is what this presidential race will be fought on. the exit polls show that for the voters of michigan, that was the single biggest topic that they voted on. so for all the ideological quibbling we have seen, it is the economy that clinch it had for mitt romney, and it is the economy he will have to go head-to-head with, with president obama, come this autumn when the lexi is held. getting right down to business immediately. >> and we should have a word about his rival, rick santorum. he led a strong
. >> instead he put us on a path toward deficits and deadline. it is time to get off that path and back on the path of american prosperity. >> mitt romney there addressing his campaign group in michigan state. he did say at the start of that that he didn't win by a lot, but he did win nonetheless. >> yes. he didn't win by much, but he won by enough, and that is what counts. indeed that is what did count tonight in spite of a very tough fight put up by rick santorum. but mitt...
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Nov 29, 2012
11/12
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minority leader mitch mcconnell criticized democrats for putting social security off limits in any deficit deal. >> as for social security, the only thing we hear from why in the world wouldn't they want to talk about the fact that this vital program started spending out more than it took in 2010, for the first time in nearly 30 years and that its trustees now estimate that it will keep spending more than it takes it in for 75 years unless we strengthen it. >> brown: majority whip dick durbin answered that social security isn't the issue; it's medicare and medicaid. >> social security does not add one penny to the deficit. it's an important program, a critical program. let's take care of it in the future. let's do it separate from the debt debate. medicare is another story. medicare has 12 years of life left and let me make a point of saying it has eight of those years because of president obama's leadership. >> brown: white house officials said the president will send treasury secretary timothy geithner and legislative chief rob nabors to the capitol tomorrow, to meet with congressional l
minority leader mitch mcconnell criticized democrats for putting social security off limits in any deficit deal. >> as for social security, the only thing we hear from why in the world wouldn't they want to talk about the fact that this vital program started spending out more than it took in 2010, for the first time in nearly 30 years and that its trustees now estimate that it will keep spending more than it takes it in for 75 years unless we strengthen it. >> brown: majority whip...
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Oct 3, 2012
10/12
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how are they going to solve the deficit problem and also increase job creation?" and i'd like to hear that explained clearly, because they have two very different philosophies. third, i think that if the debates do their job, we're going to be able to answer the question, "what are the sacrifices either one is going to ask us to make?" >> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if so, to what level?" when someone says that about social programs, i want to also hear the answer to the question, "what are you doing with military spending? and how do you justify the tradeoff? we've gotta get the revenue someplace. where are you willing
how are they going to solve the deficit problem and also increase job creation?" and i'd like to hear that explained clearly, because they have two very different philosophies. third, i think that if the debates do their job, we're going to be able to answer the question, "what are the sacrifices either one is going to ask us to make?" >> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many...
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Nov 2, 2012
11/12
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tt's first and foremost, what are we going to do with this debt and this deficit? that's mostly what i have worked on the house over the past 12 years. >> reporter: meanwhile, richard carmona's most obvious polical asset is his life story. born in new york to puerto rican parents, carmona lived homeless as a child and dropped out of high school. he joined the u.s. army and became a decorate vietnam veteran before attending medical school. he was eventually appointed surgeon general by president george w. bush. carmovi also served as sheriffs deputy along the u.s. border with mexico. democrats hope that bipartisanar background can appeal to the independents, who make up a third of the state's votes.te the candidate talks abuts republican efforts to recruit him while he served in as surgeon general. >> the republican party did ask me to bome a republican. i said why? i was an independent my whole life, because i always thought that there were goto sides-- both sides had good slutions to problems. unfortunately, we got so partisan now that democracy's in lue gridlock,
tt's first and foremost, what are we going to do with this debt and this deficit? that's mostly what i have worked on the house over the past 12 years. >> reporter: meanwhile, richard carmona's most obvious polical asset is his life story. born in new york to puerto rican parents, carmona lived homeless as a child and dropped out of high school. he joined the u.s. army and became a decorate vietnam veteran before attending medical school. he was eventually appointed surgeon general by...